The company announced a first-of-its-kind partnership with the Department of War, securing a $1 billion convertible preferred investment to spin off its Missile Solutions business. The plan includes an anticipated IPO for the unit in the second half of 2026, creating a dedicated, publicly traded solid rocket motor manufacturer. Analysts view the move as unlocking value by separating a higher-growth business from the larger conglomerate. The stock reacted positively, climbing to record highs following the announcement.